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Media type:
E-Article
Title:
Combining ambitious climate policies with efforts to eradicate poverty
Contributor:
Soergel, Bjoern;
Kriegler, Elmar;
Bodirsky, Benjamin Leon;
Bauer, Nico;
Leimbach, Marian;
Popp, Alexander
imprint:
Springer Science and Business Media LLC, 2021
Published in:Nature Communications
Language:
English
DOI:
10.1038/s41467-021-22315-9
ISSN:
2041-1723
Origination:
Footnote:
Description:
<jats:title>Abstract</jats:title><jats:p>Climate change threatens to undermine efforts to eradicate extreme poverty. However, climate policies could impose a financial burden on the global poor through increased energy and food prices. Here, we project poverty rates until 2050 and assess how they are influenced by mitigation policies consistent with the 1.5 °C target. A continuation of historical trends will leave 350 million people globally in extreme poverty by 2030. Without progressive redistribution, climate policies would push an additional 50 million people into poverty. However, redistributing the national carbon pricing revenues domestically as an equal-per-capita climate dividend compensates this policy side effect, even leading to a small net reduction of the global poverty headcount (−6 million). An additional international climate finance scheme enables a substantial poverty reduction globally and also in Sub-Saharan Africa. Combining national redistribution with international climate finance thus provides an important entry point to climate policy in developing countries.</jats:p>